Loans

Rates are subject to change without notice.

If you are interested in a loan, please contact Roger or Wendy at (570) 825-8150.  Loans are disbursed by pre-scheduled appointment in our Wilkes-Barre office, and in many cases you can leave with the check!

SIGNATURE LOANS:

(limits based on income)

12 months & under 7.9%
13-24 months 8.9%
25-36 months 9.9%
37-48 months 11.5%
49-60 months 12.5%

All loans under $2,000 have a rate of 9.5%

SHARE SECURED LOANS:

100% Share Secured:

24 Months & Under 2.99%
25-36 Months 3.25%
37-48 Months 3.5%
49-60 Months 3.75%
61-72 Months 3.9%
73-78 Months 4.25%
79-84 Months 4.9% (loans $35,000 and up)

50% Share Secured:

24 Months & Under 5.5%
25-36 Months 6.5%
37-48 Months 7.5%
49-60 Months 8.5%

All loans under $2,000 have a rate of 6.9%.

VEHICLE LOANS:

2019, 2018, 2017 (with mileage under 20,000)
Maximum loan of 95% NADA retail value for used cars.
Maximum loan of 95% MSRP for new cars (not including dealer discounts).

24 Months & Under 2.99%
25-36 Months 3.25%
37-48 Months 3.5%
49-60 Months 3.75%
61-72 Months 3.9%
73-78 Months 4.25%
79-84 Months (loans $35,000+) 4.90%

2017 (mileage above 20,000), 2016, 2015
Maximum loan of 95% NADA retail value.

24 Months & Under 3.25%
25-36 Months 3.5%
37-48 Months 3.75%
49-60 Months 3.99%
61-72 Months 4.25%

2014, 2013, 2012
Maximum loan of 90% NADA retail value.

24 Months & Under 3.99%
25-36 Months 4.5%
37-48 Months 4.75%
49-60 Months (2014 only) 4.99%

2011, 2010, 2009
Vehicle must have book value of at least $7,000 to qualify.
Maximum loan of 85% NADA retail value.

24 Months & Under 5.25%
25-36 Months 5.9%
37-48 Months  (2011 only) 6.25%

2008, 2007
Vehicle must have book value of at least $6,000 and 30 day warranty or guarantee to qualify.
Mileage must not exceed average listed in NADA guide.
Maximum loan of 85% NADA retail value.

24 Months & Under 6.25%
25-36 Months 6.9%

HOME EQUITY LOANS:

Minimum loan $15,000

3 Years & Under 3.75%
4, 5, or 6 Years 3.9%
7 or 8 Years 3.99%
9 or 10 Years 4.25%
11 or 12 Years 4.5%
13, 14, or 15 Years 4.75%

Home Equity Loan Application Fees:

 $15,000-24,999:          $250 with appraisal / $75 without appraisal

$25,000-39,999:          $200 with appraisal / $75 without appraisal

$40,000-59,999:          $150 with appraisal / $50 without appraisal

$60,000 and up:          Free for terms of 6 years or more / Free without appraisal
$100 with appraisal for terms of 5 years or less

 No fees will apply for balloon rewrites where no new money is being loaned.
If new money is taken at the time of balloon refinance, an application fee will be charged if a new appraisal is required.  A new appraisal is required if the one on file is over 5 years old.

equal housing lender

All loan rates listed are APRs (Annual Percentage Rates).

Existing Balloon Loans:  

For our members with existing balloon loans currently in process, lower rates will apply if you are refinancing without taking additional funds.

Loan Policies:

  • Applicants must have regular shares on deposit equal to 10% of the loan or $200.00, whichever is less, before the loan may be disbursed.
  • Loans are available to a member immediately upon joining.
  • SIGNATURE LOANS:  Loan limits are set based upon income.  A co-maker may be required.
  • VEHICLE LOANS:  All individuals on the vehicle title must sign the loan agreement.  We can finance…
    • 95% of the selling price excluding fees & taxes for new cars.  (Manufacturer rebates count toward the 5%.  Dealer discounts do not.)
    • 95% of the N.A.D.A. retail value for 2017, 2016, or 2015 model years.
    • 90% of the N.A.D.A. retail value for 2014, 2013, or 2012 model years.
    • 85% of the N.A.D.A. retail value for 2011, 2010, 2009, 2008, or 2007 model years.
  • Boats, mobile homes, or motorcycles are not acceptable as vehicle loans.
  • HOME EQUITY LOANS:  All individuals on the deed must sign loan documents. Application fees may apply based on the amount of funds requested (see Rates page).  The Credit Union must be the first OR second mortgagee for all home equity loans, so you may wish to pay off an existing mortgage or mortgages.

Loan Applications:

Loans are disbursed by pre-scheduled appointment in our Wilkes-Barre office.  For more information, please contact Roger or Wendy at (570) 825-8150 or toll free at 1-888-926-8566.

Though we would prefer to talk to you in person, you can print out and fill in our application forms.  Please note that inaccurate or incomplete applications may result in delays or denials in processing your application.

Application for personal or vehicle loans (Adobe Acrobat PDF format)

If you are buying a vehicle from a dealer, please ask them to fax the buyer’s order to our office at 570-825-7125.

Application for home equity loans (MS Word, requires legal-sized paper)
Home equity loan application cover sheet (MS Word)

Home equity loans require submission of an application with cover sheet along with a copy of your deed.  They take an average of 3 weeks to process due to appraisal, title search, etc.  We will call you to schedule your closing in our office, and funds will be disbursed 3 business days after your closing.  See the chart above for fees that may apply.

You may return your application to any of our offices, or mail to:

U.F.C.W. Local #72 Federal Credit Union
P.O. Box 1234
Wilkes-Barre, PA 18703-1234